FHA Home Loan in Idaho
What? FHA Home Loans.
Despite what many people think, the Federal Housing Administration (FHA) does not actually issue mortgage loans, it provides mortgage insurance which protects lenders like AmeriFirst Financial, Inc - Boise. Customers like FHA loans because they have more liberal qualification requirements than other loan products.
Why? FHA Home Loans
In addition to the more flexible qualification guidelines, they typically have a lower down payment requirement (as low as 3.5% of purchase price), low monthly insurance premiums, 100% Gift Funds acceptable for Down Payment & Closing Costs, and no Pre-Payment Penalty. This makes an FHA loan a very attractive loan for the first-time home buyer and buyers without perfect credit or too much money to put down.
For More info on FHA Home Loans
Call us at 208.957.7300 or text MyHomeLoan to the #79564 for more information!
AmeriFirst Financial, Inc